Press Release

VIS Credit Rating Company Withdraws Instrument Ratings issued by Sindh Nooriabad Power Company Limited and Sindh Nooriabad Power Company Phase-II (Pvt.) Limited

Karachi, September 20, 2021: VIS Credit Rating Company has withdrawn the instrument ratings of ‘A’ (Single A) assigned to the Privately Placed Term Finance Certificates (PPTFCs) of Sindh Nooriabad Power Company Limited and Sindh Nooriabad Power Company Phase-II (Pvt.) Limited, with immediate effect on account of non-renewal of contract. The previous rating action was announced on September 21, 2020.

For further information on this rating announcement, please contact Mr. ArsalAyub, CFA (Ext: 216) or the undersigned (Ext. 201) at 021-35311861-70 or email at info@vis.com.pk.
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Javed Callea
Advisor

Applicable Rating Criteria: Industrial Corporates (August 2021)

Information herein was obtained from sources believed to be accurate and reliable; however, VIS Credit Rating Company Limited (VIS) does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. VIS, the analysts involved in the rating process and members of its rating committee do not have any conflict of interest relating to the rating(s)/ranking(s) mentioned in this report. VIS is paid a fee for most rating assignments. This rating/ranking is an opinion and is not a recommendation to buy or sell any securities. Copyright September 20, 2021 VIS Credit Rating Company Limited. All rights reserved. Contents may be used by news media with credit to VIS.